SEC's Ex-Top Atty In Settlement Talks With Madoff Trustee

By Lisa Uhlman

Law360, New York (October 4, 2011, 9:32 PM ET) -- David Becker and Bernard L. Madoff Investment Securities LLC trustee Irving Picard are attempting to settle Picard's clawback suit in New York bankruptcy court over money the U.S. Securities and Exchange Commission's former top attorney received from the imprisoned fraudster's Ponzi scheme.

In a Sept. 28 stipulation moving the deadline for Becker, his brothers William and Daniel, and their mother's estate to respond to the complaint to Oct. 31, the parties are seeking to give themselves more time to attempt to reach a settlement of Picard's...